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president got the tax rate hike that he wanted, understand that we would continue to see trillion dollar deficits for as far as the eye can see. washington's got a spending problem, not a revenue problem. >> tom: congress and the president have 24 days to reach a deal, before the fiscal cliff's tax hikes and spending cuts take effect. >> susie: mark zandi says "bad things will happen to the economy pretty fast" if lawmakers don't settle the fiscal cliff issue. he's chief economist of moody's analytics. so mark falling off the fiscal cliff means bad things. how bad? >> it could be quite bad, susie. i don't think it's if we get into january and we haven't settled this but if house makers haven't nailed this down by early february, i think stock investors, bond investors will start to get very very nervous, start selling, risky businesses pull back and by the end of february when we start approaching the ceiling for the debt limit, i think we'll be back in recession. it will be a fairly severe recession. so policy makers have a few weeks but not much more than that. they have to get this together. >
president got the tax rate hike that he wanted, understand that we would continue to see trillion dollar deficits for as far as the eye can see. washington's got a spending problem, not a revenue problem. >> tom: congress and the president have 24 days to reach a deal, before the fiscal cliff's tax hikes and spending cuts take effect. >> susie: mark zandi says "bad things will happen to the economy pretty fast" if lawmakers don't settle the fiscal cliff issue. he's chief...
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Dec 7, 2012
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if the politicians in washington negotiate a bad deal on the budget and deficit, what do you think will happen to medicare and medicaid benefits? and to our coverage? cutting hundreds of billions of dollars from medicare and medicaid will short change the people who need it the most. so if you don't want seniors to come up empty. call sen. warner and tell him don't make a bad deal that cuts our care. >>> werl come back to 9news -- welcome back to 9news. monday came here with your timesaver traffic. brunswick line is running 15 to 20 minutes. on the southbound side of 295 right before the sousa bridge, there's a disabled vehicle in the left lane. you can see eight before slow traffic already forming because of that. on the inbound side of i-66, earlier incident here at route 50 has been cleared. but slow traffic as you head in from route 29, lee highway, 31 miles an hour as you head toferred fairfax -- toward fairfax before that pace picks up. let's show you what it looks like if you're planning to head here in rockville. this accident long-standing in the intersection of seven locks roa
if the politicians in washington negotiate a bad deal on the budget and deficit, what do you think will happen to medicare and medicaid benefits? and to our coverage? cutting hundreds of billions of dollars from medicare and medicaid will short change the people who need it the most. so if you don't want seniors to come up empty. call sen. warner and tell him don't make a bad deal that cuts our care. >>> werl come back to 9news -- welcome back to 9news. monday came here with your...
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. >> greta: when you became governor, you inherented a in--d a deficit. do you remember what it was? >> yes. the day before the election, the general election, it was $250 million. >> greta: million? >> uh-huh. keep in mind, the state budget is only 5.6 billion, so the day before the general election we were having it reported as $250 million. the day after the election it came $450 million. >> greta: what happened in those 24 or 48 hours? >> certainly the administration that was in place was not being truthful with the public, and so the day after i certainly was informed that the deficit was much bigger. >> greta: how does that happen? weren't the figures public? i mean, i assume that people were following and reporting on governor richardson as a steward of the economy here. >> no. that was not what was happening. when was coming out -- what was coming out of the governor's office were figures that were not being honest with the people. >> greta: you must have just about fallen over when you saw the number jump in a period of 24 or 48 hours. >> absolut
. >> greta: when you became governor, you inherented a in--d a deficit. do you remember what it was? >> yes. the day before the election, the general election, it was $250 million. >> greta: million? >> uh-huh. keep in mind, the state budget is only 5.6 billion, so the day before the general election we were having it reported as $250 million. the day after the election it came $450 million. >> greta: what happened in those 24 or 48 hours? >> certainly the...
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bill clinton increased taxes from 35 to 39%, started with a $300 billion deficit. ended with a trillion dollar surplus. all of you and i think you on television predictedicted thered be a recession. 23 million jobs later, there was no recession. >> lanny, if what you say is true, that the clinton tax cuts did it, why doesn't barack obama say let's have back all of the clinton tax hikes? let's have back all of the clinton tax increases object on everybody and we'll have a boom because he knows in his heart what he knew in 2010. you raise taxes on everybody, and a weak economy like we've got and you will send it into the dumpster. that's what he's threatening to do. >> that's a fair point. that's the reason it's a weak economy. when bill clinton raised taes and ended up with a surplus, conservatives like yourself loved the fact we had a surplus underather than under the last o administrations. we now have a $16 trillion national debt. >> one question, lanny. under bill clinton, they cut defense spending from reagan 6% of gdp to 3%. cut it in half as a percentage of t
bill clinton increased taxes from 35 to 39%, started with a $300 billion deficit. ended with a trillion dollar surplus. all of you and i think you on television predictedicted thered be a recession. 23 million jobs later, there was no recession. >> lanny, if what you say is true, that the clinton tax cuts did it, why doesn't barack obama say let's have back all of the clinton tax hikes? let's have back all of the clinton tax increases object on everybody and we'll have a boom because he...
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. >> republicans frequently argue it is critical to get a handle on the nation's deficits before the u.s. becomes like greece. there a terrible economy with 26% unemployment, the highest in europe, and almost no job opportunities for young people frequently lead to riots in the streets. now here a leading democrat is suggesting cutting spending too quick -- too quickly is the real problem. >> the community is concerned about all of their as you teary too. there are many things you can do to reduce debt, but still have a a -- an aspect of the economy. >> some say europe's austerity is a drag on economic growth because it relies on taxation while failing to rein in the expansion of government. and that would seem to back up a republican theme in this fiscal cliff argument. >> if we raise taxes on the top two rates which is about a million small businesses who employ 25% of the workforce, it will cost us over 700,000 jobs and reduce economic growth and lower take home pay. that's a bad scenario. >> the lead negotiator on the republican side of the table facing mr. obama says raising tax
. >> republicans frequently argue it is critical to get a handle on the nation's deficits before the u.s. becomes like greece. there a terrible economy with 26% unemployment, the highest in europe, and almost no job opportunities for young people frequently lead to riots in the streets. now here a leading democrat is suggesting cutting spending too quick -- too quickly is the real problem. >> the community is concerned about all of their as you teary too. there are many things you...
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.% to 6.2%, that's $115 billion a year that will go to deficit reduction instead of being pumped into the economy. heidi cherholts is an economist. >> it's less money for consumers to spend that means the demand for goods and services will drop. who provides goods and services? workers. so employment will fall. >> reporter: those in favor of allowing the tax cut to expire argue money for social security payments has to come from somewhere. with although mejia says that somewhere will mean doing without some of the basics. >> might be a pair of sneakers. might be that jacket that they want to go to school with in the winter. might be those pair of boots that they want to go and keep warm. >> reporter: for john mejia, the debate in washington is not about the federal budget it's about his family's. jim axelrod, cbs news, west new york, new jersey. >> pelley: well, a lot of families with tight budgets will be happy to hear this next story: the housing market is coming back. we got a report today that says home prices in october had their biggest gain in six years. up more than 6%. sales
.% to 6.2%, that's $115 billion a year that will go to deficit reduction instead of being pumped into the economy. heidi cherholts is an economist. >> it's less money for consumers to spend that means the demand for goods and services will drop. who provides goods and services? workers. so employment will fall. >> reporter: those in favor of allowing the tax cut to expire argue money for social security payments has to come from somewhere. with although mejia says that somewhere...
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now we know deficits are running $1 to $1.5 trillion. what's changed is on the spending side yet all this discussion is on the tax revenues. you can tax every millionaire 100% and run the government for two or three months. this is a spending driven crisis and it has to be solved on the spending side. until the president gets serious about it, i'm not sure what there is to talk about, soledad. >> i'm not sure that the only conversations have just been on the tax side. i actually think there have been conversations on both. at this moment, right, we're going over or toward the fiscal cliff. if you do nothing, all of our taxes are going up. why not, as a first move, say, listen, nobody at this point wants to raise taxes on the middle class and people who are lower income. so let's do some kind of a deal now and that will keep us from going over the fiscal cliff. then let the tax cuts expire for the wealthy january 1st. it happens. then you can do some kind of negotiation. and that keeps us from going over the fiscal cliff. it's going to ha
now we know deficits are running $1 to $1.5 trillion. what's changed is on the spending side yet all this discussion is on the tax revenues. you can tax every millionaire 100% and run the government for two or three months. this is a spending driven crisis and it has to be solved on the spending side. until the president gets serious about it, i'm not sure what there is to talk about, soledad. >> i'm not sure that the only conversations have just been on the tax side. i actually think...
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i think that is not just true for the affect on the deficit, but because the deficit is being monatized at this point in time through quantitative easing it can result in great h greater inflation down the road. he would have thought this is not a time to raise taxes, this is a time to cut government spending. we don't want to have a larger government deficit and this is the course that would lead to the greatest prosperity in the economy. he would not have agreed that if we go over the fiscal cliff that that would have a negative impact on the economy, he would say rather that by bringing the deficit down, by having the prospect of lower inflation in the future, that will be good for interest rates and that would be good for the economy in the coming years. jenna: what would he say to those american citizens, though, that say, listen, over the fiscal cliff, i'm afraid of that, i don't even want to entertain the possibilities of what that would look like. >> i think when it comes to issues such as the extension of unemployment benefits, social security, medicare, freidman would have arg
i think that is not just true for the affect on the deficit, but because the deficit is being monatized at this point in time through quantitative easing it can result in great h greater inflation down the road. he would have thought this is not a time to raise taxes, this is a time to cut government spending. we don't want to have a larger government deficit and this is the course that would lead to the greatest prosperity in the economy. he would not have agreed that if we go over the fiscal...
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it totals $2.2 trillion in deficit reduction over ten years. the part that stood out to us was $600 billion in proposed savings in medicare reforms. how? in part by raising the age of eligibility to 65 to maybe 67. turning down the gop proposal, dan pfieffer said, quote, it provides no details on which deductions they would eliminate, which loopholes they will close or which medicare savings they would achieve." let's head now to the white house and dan lothian. the white house will not offer a counter proposal, right? what's going on here? >> reporter: well, you know, i think the white house is digging in. the president said early on in this process that he would only sit down and really move forward, negotiate on this in any meaningful way if the tax hikes for the wealthy expired. and republicans have been pushing back on that -- tax breaks rather for the wealthy expired and republicans have been pushing back on that, say they go believe that will be harmful for the economic recovery because wealthy americans are the ones who are creating the
it totals $2.2 trillion in deficit reduction over ten years. the part that stood out to us was $600 billion in proposed savings in medicare reforms. how? in part by raising the age of eligibility to 65 to maybe 67. turning down the gop proposal, dan pfieffer said, quote, it provides no details on which deductions they would eliminate, which loopholes they will close or which medicare savings they would achieve." let's head now to the white house and dan lothian. the white house will not...
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talking, of course, about money, how to keep our economy growing, and of course hopefully reduce the deficit as well. very busy day there at the white house. on thursday, we have all our eyes on washington. two controversial changes in washington state, same-sex marriage becomes legal on thursday in washington state. we'll also be looking at marijuana. adults over 21 can legally carry up to an ounce of pot, sort of. the federal government still says pot is an illegal drug. that's how they're going to do it in washington on thursday. and on friday, we'll be watching for the jobs report. this is the november jobs report. in october, 171,000 jobs were add a added, you may recall. experts think superstorm sandy could affect this. a lot of people having a hard time getting around, power is out. really put a lot of folks behind. we'll see how that goes. on saturday, a big day for college football fans. heisman trophy winner will be announced. we'll find out who the best player in college football is. last year, can you remember who it is? nfl star robert griffin iii won the heisman. that's your we
talking, of course, about money, how to keep our economy growing, and of course hopefully reduce the deficit as well. very busy day there at the white house. on thursday, we have all our eyes on washington. two controversial changes in washington state, same-sex marriage becomes legal on thursday in washington state. we'll also be looking at marijuana. adults over 21 can legally carry up to an ounce of pot, sort of. the federal government still says pot is an illegal drug. that's how they're...
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. >> with a trillion dollar deficit right now. so if you cut 94 billion and nothing else changes you barely dented the deficit. the other programs are growing. we'll not see spending decline. in fact we'll likely have a emergency spending bill for sandy that is 60 billion. 94 is gone right there. >> even with a trillion dollars in cuts federal spending is on the way up every year starting with 3.5 trillion this fiscal year. nearly 3.6 trillion in 2014. 4 trillion by 2016 and 5 trillion by 2021. the cbo says even allowing 5 trillion in tax increases to hit the economy the next decade the federal government still spends $2.3 trillion more than it takes in. back to you. melissa: oh, rich edson thanks so much. adam: you think with the physical problems the country faces zooming at us like a 1959 he had sell going at us on a one way treat there would be sense of urgency. president obama has no meetings, no public appearances on the issue planned at least so far today. brad blakeman is not surprised. he says it is a clear sign we're goi
. >> with a trillion dollar deficit right now. so if you cut 94 billion and nothing else changes you barely dented the deficit. the other programs are growing. we'll not see spending decline. in fact we'll likely have a emergency spending bill for sandy that is 60 billion. 94 is gone right there. >> even with a trillion dollars in cuts federal spending is on the way up every year starting with 3.5 trillion this fiscal year. nearly 3.6 trillion in 2014. 4 trillion by 2016 and 5...
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reduction plan that hits the numbers that are required for us to stabilize our debt and deficits. and -- [. [no audio] kwroe. jenna: we gave it our best shot. sometimes we can't do it. the president speaking at the white house at the business roundtable about the economy. fiscal cliff certainly the issue in the short term for a lot of big businesses and certainly for a lot of american taxpayers. however, long term is another story when it comes to the economy, and entitlements, the president referring to that as well. as we continue to get that feedback you can check it out foxnews.com, in the meantime we're going to move onto other news as well. >> reporter: and so let's begin with the violence that is appearing to really spiral out of control. secretary of state hillary clinton says she fears a desperate president bashar al-assad in syria may resort to using chemical weapons on his own people. in the meantime, the united nations is hint thag there wil hinting that there will be no asylum for bashar al-assad as the syrian dictator makes it clear that he will die before leaving th
reduction plan that hits the numbers that are required for us to stabilize our debt and deficits. and -- [. [no audio] kwroe. jenna: we gave it our best shot. sometimes we can't do it. the president speaking at the white house at the business roundtable about the economy. fiscal cliff certainly the issue in the short term for a lot of big businesses and certainly for a lot of american taxpayers. however, long term is another story when it comes to the economy, and entitlements, the president...
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should you say you're cutting the deficit $800 billion? the real issue is this. if we're going to get serious about negotiating, okay? we can have programs that aren't on the books anymore now, i understand that we're not spending that money, but when you come to the table to rise above for a compromise, don't bring me air and say, see? i'm not spending this, so it's a savings. it's only a saving when you hear the scissors cutting through it, carl. so people need to get real on both sides of the aisle and address real, not baseline, real savings by cutting spending. back to you. >> rick, is that real money you're cutting up down there? >> you know what? even though this is one of the last bastions of capitalism, those were not real benjamin frank lynn. so, see? i'm ready for negotiation. put me on the team. i just did a lot of cuts that mean nothing. boy, how much did i save us over ten year. >>> thank you, rick. more santelli in the third hour. >>> still ahead, of course, live coverage of president obama's remarks on the fiscal cliff and the negotiations before
should you say you're cutting the deficit $800 billion? the real issue is this. if we're going to get serious about negotiating, okay? we can have programs that aren't on the books anymore now, i understand that we're not spending that money, but when you come to the table to rise above for a compromise, don't bring me air and say, see? i'm not spending this, so it's a savings. it's only a saving when you hear the scissors cutting through it, carl. so people need to get real on both sides of...
SFGTV2: San Francisco Government Television
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our budget, we have a mess, i inherited a budget deficit of $26 billion. we have cut that substantially. from the mortgage meltdown that occurred because of the bad decisions and this behavior throughout our economy, the revenue in california is up 23%. that is a big number. america, the asset values were destroyed, something like $7 trillion. a lot of that was a bubble. that was popped and resulted -- we have had to manage a difficult situation. even before the bubble popping, there was excess. because the money flows in in a regular amounts, when money is good, everybody feels good. when $14 billion came in, they thought they were king of the mountain and spend it. arnold came in to clean it up. a couple years later, he left town and $26 billion this year. this has been the nature for the last decade, kicking the can down the road. not talking straight. the way it is. the way it is, it is a tale of two cities. there is fabulous wealth and link electronics, inc. model number: pdr-885 software version: 3.0c in some places it would be food or shelter or lov
our budget, we have a mess, i inherited a budget deficit of $26 billion. we have cut that substantially. from the mortgage meltdown that occurred because of the bad decisions and this behavior throughout our economy, the revenue in california is up 23%. that is a big number. america, the asset values were destroyed, something like $7 trillion. a lot of that was a bubble. that was popped and resulted -- we have had to manage a difficult situation. even before the bubble popping, there was...
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you can't make up the budget deficit just by raising money from rich people. >> let's talk netflix. receiving wells notice from s.e.c., regulators warning they may bring civil action against the company and the ceo for violating public disclosure rules with a facebook post. back on july 3rd, the ceo posting netflix a monthly viewing exceeded 1 billion hours for the first time ever in june. the s.e.c. requires public companies to make the information public. hastings says he didn't believe the facebook post was material information although that day the stock was up 13%. in a letter yesterday, he also suggested the fact the post was assessable to more than 245,000 subscribers to the page makes it very public. you can choose to disclose information through other venues considered fair that may reach fewer people at the end of the day. >> ain't up to you. it's up to the government. >> rules are rules. >> and these things do need to evolve. there is little doubt about that. i remember when fd was put in. i would have conversations with executives and say you can tell me -- i'm on cnbc -
you can't make up the budget deficit just by raising money from rich people. >> let's talk netflix. receiving wells notice from s.e.c., regulators warning they may bring civil action against the company and the ceo for violating public disclosure rules with a facebook post. back on july 3rd, the ceo posting netflix a monthly viewing exceeded 1 billion hours for the first time ever in june. the s.e.c. requires public companies to make the information public. hastings says he didn't believe...
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we're getting the $16 trillion deficit passed down to us. >> do you think young people get that, though? do you think they understand the long-term consequences? >> not like they should. >>> still ahead this morning on "starting point," they're an army of one, but does it apply if you are not particularly religious? we'll tell you why one cadet quit the west point military academy just months before he was supposed to graduate because he says he's not religious. >>> also, more bad pr for penn state. look at these lovely sorority girls. yes, they are dressed lake mexicans with mustaches holding signs that, "will mow lawn for beer," things like that. how clever. we'll talk about that photo straight ahead. yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a rev
we're getting the $16 trillion deficit passed down to us. >> do you think young people get that, though? do you think they understand the long-term consequences? >> not like they should. >>> still ahead this morning on "starting point," they're an army of one, but does it apply if you are not particularly religious? we'll tell you why one cadet quit the west point military academy just months before he was supposed to graduate because he says he's not religious....
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most areas seeing deficits in the snow. we the snow pack the drought start to get if there and colder air coming in as well. guys? >> thank you, rick. >> for the record ainsley just said we need snow? >> colorado ski slopes we don't need it here in new york. try to avoid that. >> administration's story on benghazi. what has been rejected by publishers if it were a novel? that's what one best selling author says why brad thor you know him and you love him. you have read his books. why he thinks there is too many holes even for fiction. >> remember those chrysler workers caught drinking and going ba to work and make cars, yours cars, our cars? they just got their jobs back. [ female announcer ] beef, meet flavor boost. flavor boost, meet beef. it's swanson flavor boost. concentrated broth to add delicious flavor to your skillet dish in just one stir. mmm! [ female announcer ] cook, meet compliments. get recipes at flavorboost.com. [ female announcer ] cook, meet compliments. music: "make someone happy" music: "make someone ha
most areas seeing deficits in the snow. we the snow pack the drought start to get if there and colder air coming in as well. guys? >> thank you, rick. >> for the record ainsley just said we need snow? >> colorado ski slopes we don't need it here in new york. try to avoid that. >> administration's story on benghazi. what has been rejected by publishers if it were a novel? that's what one best selling author says why brad thor you know him and you love him. you have read...
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house says is less of an offer and the same position the administration staked out in its jobs bill and deficit proposal over the last couple years. half trillion in tax increases or trillion and a half in tax increases, $600 billion in spending cuts, more spending, and a permanent increase in the debt ceiling. on fox news sunday, boehner called that deal a joke. >> just flabbergasted. i looked, and said, you can't be serious? i just never seen anything like it. we got seven weeks between election day and the end of the year. three of those weeks have been wasted with the nonsense. >> okay. you heard them, the first time in two decades now, acknowledge they want revenues up as the balanced plan, a good first steppedded, but they have to say what they do operates and revenues. that's hard for republicans. >> runs of billions of spending cuts, tax increases begin in less than a month, and with the negotiations, two sides are about where they started. still, aids say it's early to be moving to an agreement with plenty of time for each side to extract the best deal possible before selling it to the
house says is less of an offer and the same position the administration staked out in its jobs bill and deficit proposal over the last couple years. half trillion in tax increases or trillion and a half in tax increases, $600 billion in spending cuts, more spending, and a permanent increase in the debt ceiling. on fox news sunday, boehner called that deal a joke. >> just flabbergasted. i looked, and said, you can't be serious? i just never seen anything like it. we got seven weeks between...
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and it is, over the long-term, projected to be the biggest contributor to deficits down the road. which mean people in the country, voters everywhere, love medicare and do not want it to be cut. and wonks in washington, d.c. spend their time trying to figure out how to cut medicare. both democrat and republican. and with this very thorny contradiction in mind, politicians and think tank analysts and the like have developed a whole secondary-coated language to talk about medicare. so premium support instead of privatizing medicare, and structural medicare reform instead of raising the eligibility age. now, remember the context for all this. this is important. remember that phrase we first started hearing at the start of the health reform debate, which may be apocryphal, "keep government hands off my medicare." the big tea party uprising was in large part a reaction to the idea, quote/unquote, of socialized medicine. it was the affordable care act, and the government, quote, takeover of health care, that fanned the flames of the post-obama tea party protest. but, of course, most of
and it is, over the long-term, projected to be the biggest contributor to deficits down the road. which mean people in the country, voters everywhere, love medicare and do not want it to be cut. and wonks in washington, d.c. spend their time trying to figure out how to cut medicare. both democrat and republican. and with this very thorny contradiction in mind, politicians and think tank analysts and the like have developed a whole secondary-coated language to talk about medicare. so premium...
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we don't want medicare, medicaid, and social security to be used as part of deficit reducing bill in such a short period of time. >> the clock is winding down towards the fiscal cliff. once considered untouchable third rail, changes to social security and other so-called entitlements are now being seriously discussed. >> we really have not gun to talk about real entitlement reforms. the only way you have true avoidance where you have solution is to mix an appropriate amount of revenues with true entitlement reform. and until the debate moves to that point, there's no serious debate taking place. >> house republicans offered a framework that includes raising the medicare eligibility age from 65 to 67 squeezing out savings from social security by changing the way inflation is calculated, and possible means testing that could disqualify wealthier, older americans from the medicare program. lawmakers insist any changes will be done gradually and will not impact current retirees, but that's not soothing the fears of seniors who say inflation adjustments will have an immediate impact. >> t
we don't want medicare, medicaid, and social security to be used as part of deficit reducing bill in such a short period of time. >> the clock is winding down towards the fiscal cliff. once considered untouchable third rail, changes to social security and other so-called entitlements are now being seriously discussed. >> we really have not gun to talk about real entitlement reforms. the only way you have true avoidance where you have solution is to mix an appropriate amount of...
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real deadline is closer. >> there's no prospects for a deal. >> if you're going to be serious about deficit reduction it has to be about spending cuts not just raising taxes. ♪ >> bridge day is not safe. >> what would a nomination mean? >> burst into tears. >> liven things up. >> that's awesome. >> thank you richard lewis. let me introduce you to the new -- >> pleasure to be on your show. ♪ >> we thought she was just a singer and songwriter. >> what would you do to change one direction today? ♪ >> cbs porn "this morning." >> how much does your bra that you wear? >> what have you done that's most fun. >> tough one. >> jewish boy needs a big black guy. >> the world is always better with big black guys. >> possible reasons range from environmental toxins to tight under wear. >> moving on. >> threw are, charlie. >> threw are, my dear. where did that dress come from? >> all that and all that matters. >> just got apple tv. when charlie rose says you just got a piece of technology you know that's bad. >> it's the "a" word. >> all that matters. >> glad your sight returned. >> i'm gas i can se
real deadline is closer. >> there's no prospects for a deal. >> if you're going to be serious about deficit reduction it has to be about spending cuts not just raising taxes. ♪ >> bridge day is not safe. >> what would a nomination mean? >> burst into tears. >> liven things up. >> that's awesome. >> thank you richard lewis. let me introduce you to the new -- >> pleasure to be on your show. ♪ >> we thought she was just a singer and...
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Dec 9, 2012
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how do we get a handle on the growing $16 trillion deficit? coming up next, tim murphy of pennsylvania will be here to tell us what else the nation needs to do to get our economic house in order. have you heard about that tragic situation, josh brent, cowboys defensive lineman? he faces cter a car crash that killed one of his teammates? that's straight ahead. >> it's really unfortunate that that happened, making an everyday decision that can affect everything everybody's life. >> i am sure it will be difficult to move on. but i am sure they will bounce back and be able to come around. s my husband and i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. >> jamie: another sad story out of the,r of the nfl. a member of the dallas cowboys is facing manslaughter. josh brent was allegedly drunk and speeding during a car accident saturday morning that led to the death of his passenger and teammate jerry brown. ca
how do we get a handle on the growing $16 trillion deficit? coming up next, tim murphy of pennsylvania will be here to tell us what else the nation needs to do to get our economic house in order. have you heard about that tragic situation, josh brent, cowboys defensive lineman? he faces cter a car crash that killed one of his teammates? that's straight ahead. >> it's really unfortunate that that happened, making an everyday decision that can affect everything everybody's life. >> i...
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that still leaves a trillion dollars deficit. get serious. former ways and means committee chairman congressman bill archer joins us tonight at 7:00 eastern. stuart: well, the tax on dividends is going to go up next year. maybe by 3.8%. maybe by a whole lot more. depending on the fiscal cliff. larry ellison, top guy at oracle, he had an early dividend payout. he got a check for almost 200 million dollars. he saves 56 million by not getting that money next year. liz? liz: yeah, this is true for a lot of companies. it's the insiders who own stock in the companies that are making these moves. the so-called 1%. you know it is within their rights to do it. but what bothers me are those who say we must pay our fair share, the executives who are for, you know, raising taxes, that we have to sacrifice, and then they are avoiding higher taxes in obama care, as you point out over the break, nothing to do with the fiscal cliff, it is with health reform that they are avoiding. david: and these are the same people, the people who say we should pay more mo
that still leaves a trillion dollars deficit. get serious. former ways and means committee chairman congressman bill archer joins us tonight at 7:00 eastern. stuart: well, the tax on dividends is going to go up next year. maybe by 3.8%. maybe by a whole lot more. depending on the fiscal cliff. larry ellison, top guy at oracle, he had an early dividend payout. he got a check for almost 200 million dollars. he saves 56 million by not getting that money next year. liz? liz: yeah, this is true for...
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Dec 9, 2012
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the president and the deficit. if he wants to see if it works, the lesson that california could give the rest of the nation. >> mike: hi, everybody. mtv's brand new reality tv show makes jersey shore look pg and lawmakers are outraged. is it putting kids at risk? we report, you decide. >> clayton: and it was the encore of a lifetime. >> oh! >> what you don't see there, but do you here is is a soldier dad at his daughter's play with a surprise return. joining us live here on "fox & friends," hour two starts right now. ♪ >> and i admit that made me cry. >> clayton: buck wild? >> no, not buck wild, the girl. >> alisyn: and just when you think you can't get more creative, and they find a new way. it was during a school play and we'll show you how it unfolded. >> clayton: and your worst gift someone has given? and they're tweeting those and we'll read those. and the fiscal cliff, put up the countdown clock, if you would. 23 days left. >> alisyn: is that a counttown clock. >> clayton: 23 days until my birthday, decembe
the president and the deficit. if he wants to see if it works, the lesson that california could give the rest of the nation. >> mike: hi, everybody. mtv's brand new reality tv show makes jersey shore look pg and lawmakers are outraged. is it putting kids at risk? we report, you decide. >> clayton: and it was the encore of a lifetime. >> oh! >> what you don't see there, but do you here is is a soldier dad at his daughter's play with a surprise return. joining us live here...
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Dec 7, 2012
12/12
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lot of fuel to this current debate that is occupying washington over the fiscal cliff and finding a deficit reduction plan and also sort of coupled with trying to avoid these spending cuts and tax increases that are set for the end of the year, don. >> what is that, is that a leaf blower? what's going on behind you? >> reporter: honestly, sometimes -- i think it is a leaf blower. sometimes it's a jack hammer. sometimes it's a leaf blower. sometimes it's a lawn mower. always a lot of work going on here at the white house. >> thank you, brianna keilar. have a great morning. >> from jobs now to labor. protesters are furious that michigan's republican controlled house and senate quickly passed controversial right to work bills. the bills limit the right to strike and picket and employees cannot be forced to pay union dues. democrats and union supporters say this is a huge blow to workers' rights. >> it terrifies me that they're trying to pass this through so quickly with no discussion from the other side, no understanding of what's important in it. >> poppy harlow joins us now from lansing. how
lot of fuel to this current debate that is occupying washington over the fiscal cliff and finding a deficit reduction plan and also sort of coupled with trying to avoid these spending cuts and tax increases that are set for the end of the year, don. >> what is that, is that a leaf blower? what's going on behind you? >> reporter: honestly, sometimes -- i think it is a leaf blower. sometimes it's a jack hammer. sometimes it's a leaf blower. sometimes it's a lawn mower. always a lot of...
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Dec 6, 2012
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, there is brand-new polling out today on how americans feel about the idea of congress using these deficit negotiations to make cuts to medicare. 79% of americans say they do not want congress to touch medicare in these deficit negotiations. 79%. if you want to get specific about john boehner's proposal, what he wants to do to medicare is to raise the eligibility age from 65 to 67. and as it turns out, there is also recent polling on that specific proposal. and it is also super unpopular. look at this. almost 70% of americans say they oppose raising the eligibility age for medicare. that number is slightly higher among republicans than it is for the general population. more republicans oppose john boehner's plan than the already extremely high margin of the general public that opposes john boehner's plan. now, if you're following the news very closely in this slow-motion, groundhog day-esque political negotiation, maybe yoç already knew that john boehner wants to raise the medicare eligibility age. but if you just sort of glanced at john boehner's actual letter to the president with his p
, there is brand-new polling out today on how americans feel about the idea of congress using these deficit negotiations to make cuts to medicare. 79% of americans say they do not want congress to touch medicare in these deficit negotiations. 79%. if you want to get specific about john boehner's proposal, what he wants to do to medicare is to raise the eligibility age from 65 to 67. and as it turns out, there is also recent polling on that specific proposal. and it is also super unpopular. look...
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Dec 2, 2012
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as a result, my pred ases sors built up a deficit that wasn't reported as part of the deficit i dealt with. >> the bus is running over and other and over. >> it was a series, this happened over a 20-year period time. >> right. >> you don't report under gap. you extend the fiscal year for income out but shorten it for payments or income in, payments out. you do all kind of crazy things. enter into a 20-year transaction for state employees that guarantee benefits, tieing the hands of future administrations. lots of crazy things happen when there are no rules. for a long time, there were no rules. >> not to mention, you use a credit discount rate for pension, liabilities. i will say, first states have cut spending but they have to cut way more according to to gao, they have to cut at least 13% every year. their reason is, one of the things we should not forget is one of the things we should do when times are good is actually save money. >> yes. >> it's not what states have done. when time was good, they were spending, spending, spending and spending. in fact, states, when private gdps gr
as a result, my pred ases sors built up a deficit that wasn't reported as part of the deficit i dealt with. >> the bus is running over and other and over. >> it was a series, this happened over a 20-year period time. >> right. >> you don't report under gap. you extend the fiscal year for income out but shorten it for payments or income in, payments out. you do all kind of crazy things. enter into a 20-year transaction for state employees that guarantee benefits, tieing...
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right now with fourth year in a row with over a trillion dollars in deficit spending, that deficit and debt continues it to climb. it doesn't wipe it out. what does it do to the overall economy. we're not just dealing with one tax increase right now. the affordable care act actually begin on january 1st as well for people making $200,000 or more or people with large medical bills. that already starts coming up. this is an additional tax increase on top of that tax increase. >> what about what bill clinton said? he said once things start to get better, and that's a crucial point he was making. he wasn't saying doing it right away. once it gets better, taxes go up on the middle class. do you agree with that? >> i don't, actually. the reason being is that right now if you look at the real math on it, in 2007 and 2012 we have the same amount of revenue. obviously 2008 and '09 we had a dramatic drop in federal revenues coming in. we've slowly climbed back up. revenue has gone up every single year in the obama administration, and now we're at historic highs. the difference is our spending in
right now with fourth year in a row with over a trillion dollars in deficit spending, that deficit and debt continues it to climb. it doesn't wipe it out. what does it do to the overall economy. we're not just dealing with one tax increase right now. the affordable care act actually begin on january 1st as well for people making $200,000 or more or people with large medical bills. that already starts coming up. this is an additional tax increase on top of that tax increase. >> what about...
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Dec 4, 2012
12/12
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balanced deficit reduction package that will do enormous good to our economy. and the kind of package that i should not leave out, that includes targeted investments so our economy continues to grow and create jobs. it would, as i said on a number of occasions, deficit reduction in an of itself is not a goal, it should be part of an economic plan is that is focused on economic growth and job creation. the president is very focus odden that. >> just a second ago, you referred to, when talking about the debt ceiling, taking it off the table, to be part of the deal. you referred to the economy being held hostage. you're aware that president obama voted against -- >> we addressed that. there was no threat of default at the time. what happened in 2011, as we all know because we all lived it, most of us in this room, was the threat of default, a willingness expressed by many to see the american economy under default and with all the consequent impacts on the global economy and on the american middle class. . in order to do that and was enormously damaging to consumer
balanced deficit reduction package that will do enormous good to our economy. and the kind of package that i should not leave out, that includes targeted investments so our economy continues to grow and create jobs. it would, as i said on a number of occasions, deficit reduction in an of itself is not a goal, it should be part of an economic plan is that is focused on economic growth and job creation. the president is very focus odden that. >> just a second ago, you referred to, when...
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Dec 4, 2012
12/12
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and he ran on a plan by saying that those savings would then be aplayed to deficit -- applied to deficit reduction, which we know is so critical. and we saw what people thought about that. he was reelected by a wide margin. the american people want us to come together, to work together in a bipartisan way to reduce the deficit, and they support the approach that starts by making sure that middle-class families are not once again asked to pay for the full burden of what needs to be done. they support an effort that says, extend tax cuts for middle-class families and ask those at the very top, who have gotten extra tax cuts, to forego those and chip in to be part of the larger deficit reduction solution. unfortunately, yesterday, speaker boehner ignored this when he offered a republican counterproposal to the president's proposal that would essentially raise taxes on middle-class families and cut medicare for our senior citizens. as senator reid said yesterday, it flunks the test of balance. to get the kind of revenue to reduce the deficit that is needed, and that we all agree on has to be
and he ran on a plan by saying that those savings would then be aplayed to deficit -- applied to deficit reduction, which we know is so critical. and we saw what people thought about that. he was reelected by a wide margin. the american people want us to come together, to work together in a bipartisan way to reduce the deficit, and they support the approach that starts by making sure that middle-class families are not once again asked to pay for the full burden of what needs to be done. they...
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it's part of an effort to slash $503 billion from the federal budget deficit through tax increases and deep spending cuts. >> you can learn more any time at www.wusa9.com and on 9 news. this has been a 9 news fiscal cliff note. >>> as we've been telling you here on 9 news, if an agreement cannot be reached by the 1st of the year, the cuts will have an enormous impact on houses, businesses and you name it and put a huge dent into medical research and drug development, possibly for years to come. automatic federal budget cuts means funding for the national institutes of health will be down and also funding for the fda. i spoke with a local family dealing with childhood cancer about how these cuts can make a delicate situation even worse. >> when i was first diagnosed, that's one of the few moments where i will say that i did cry. >> five yearsing that moment changed joan norris' life forever. the 14-year-old from kensington has leukemia, the most common form of cancer in children and teen-agers. it starts in the bone marrow and affects the blood cells. many family like the norriss wait a
it's part of an effort to slash $503 billion from the federal budget deficit through tax increases and deep spending cuts. >> you can learn more any time at www.wusa9.com and on 9 news. this has been a 9 news fiscal cliff note. >>> as we've been telling you here on 9 news, if an agreement cannot be reached by the 1st of the year, the cuts will have an enormous impact on houses, businesses and you name it and put a huge dent into medical research and drug development, possibly for...
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you want to talk about the deficit roger robert. marc. savard . the people on the. you know the banker been already well i absolutely agree with you robert and very much appreciate you raising the topic i had senator sanders on the radio show last week and he's and he's saying you know the banks just crashed the economy why not have the banks pay for it and there's a number of number of people saying this it's you know pretty pretty obvious the banks has crashed the economy if we simply put eight point two five percent or even a point one percent tax on every stock transactions called a security security transaction excise tax stepped excess t.t. is what they used to be called abraham lincoln put it on track stock trades to help pay for the for the civil war then then it went away through the through the gilded age and then in one thousand nine hundred eight one thousand nine hundred eight the mckinley administration put it back into place to pay for the spanish-american war it stayed there until the one nine hundred thirty s. f.d.r. took that step tax and doubled i
you want to talk about the deficit roger robert. marc. savard . the people on the. you know the banker been already well i absolutely agree with you robert and very much appreciate you raising the topic i had senator sanders on the radio show last week and he's and he's saying you know the banks just crashed the economy why not have the banks pay for it and there's a number of number of people saying this it's you know pretty pretty obvious the banks has crashed the economy if we simply put...
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if it is to reduce the deficit, it won't happen because if they take that money it, may run the government for 8 days. so we're not talking about an amount of money that's really going to fundamentally change either the ability to fund government or reduce the deficit. is it because he wants to punish people at the top? why? what is that to him? that doesn't help people at the bottom. if it did, then it could be justified. and i guess the president has yet to explain other than the fair share if you think about it top 10% pay a 7% of all the federal taxes so what is a fair share? >> geraldo: but that is what he campaigned on isn't that in itself its own justification be it -- albeit that it is 8 days out of 365? >> i think what he campaigned on certainly thats with a one of the things that he hammered of but hes said he was going to get the federal deficit down and federal spending under will cro. he said he was going to take on freely transparent. talk about a president who has broken campaign promises. what he needs to understand that his job is not it campaign anymore. find something th
if it is to reduce the deficit, it won't happen because if they take that money it, may run the government for 8 days. so we're not talking about an amount of money that's really going to fundamentally change either the ability to fund government or reduce the deficit. is it because he wants to punish people at the top? why? what is that to him? that doesn't help people at the bottom. if it did, then it could be justified. and i guess the president has yet to explain other than the fair share...